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$499,000

500 S Washington St, Pilot Point, TX, 76258

$581,412 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,178 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.02 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size24,916 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces5

Land Information

APNR39608
Lot Number1R
SubdivisionWhite
Land UseResidential
Legal DescriptionWHITE BLK 34 LOT 1R
Census Tract020118
Assessed Land Value$102,796
Assessed Improvement Value$335,935
Assessment Year2025

About this property

0.2 mi to Historic Pilot Point Square • 2.5 mi to Lake Ray Roberts & Lone Star Lodge • Sunroom + pool + large lot Updated home on a 0.57-acre lot close to downtown Pilot Point and minutes from lake recreation. This property blends the character of its 1978 architecture with a full interior refresh. The main living room features exposed wood beams, wide windows, and a floor-to-ceiling brick wall with a double-sided fireplace that opens to a connected seating area. Large glass sliders bring in natural light and lead directly to the backyard and pool. The kitchen includes granite counters, a gas cooktop, double ovens, stainless appliances, white cabinetry, and a stained-glass arched pass-through window that adds a unique focal point. An open dining area connects to the living space for easy flow. A separate sunroom adds flexible space for lounging or hobbies. Updated wood-look tile runs throughout the home for durability and a consistent look. The primary suite is oversized with direct pool access through large sliders. The remodeled bath features a spacious walk-in shower, dual vanities, arched niches, updated lighting, and built-in shelving. Secondary bedrooms sit away from the main living areas for added privacy, and the updated second bath serves the guest rooms and hallway. Outside, the property includes a resort-style pool with a large deck, fenced yard, and open side yards. The circular driveway and side-entry garage offer convenient access and extra parking. The lot provides privacy and plenty of outdoor space. The home sits two blocks from the historic town square with local retail, dining, and community activity. Lake Ray Roberts is about 2.5 miles away and offers boating, fishing, trails, and dining at Lone Star Lodge & Marina. Nearby roadway access connects Pilot Point to surrounding Denton County areas.

Investor Tools

Property Icon
$455,000
Estimated Property Value
$441,750Estimated Mortgage Balance
$15,808Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$581,412
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$810/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,439
$438,731
2025
$102,796
$335,935
$438,731
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,439
$438,731

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$441,750
No
First
Jan 15, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$439,192
$15,808
3%
97%
$2,649/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,649/mo
$-677/mo
5.2%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Pilot Point

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500 S Washington St | Property Details | No Agent List